Cash For Clean Water

Posted on July 17th, 2008 in Water by Rob

Clean energy gets most of the limelight, but clean water is another tricky challenge for the 21st century. Venture capitalists know this, and are funding a range of water startups. Below is a few of the most promising and best funded.

Halo-Source, which provides purifying technology for developed and developing countries, just secured $11.5 million from Origo Sino India, Unilever Technology Ventures and others.

Energy recovery, an energy-efficient water desalination company, just broke a quarter-long drought of cleantech IPOs and raised $119 million on July 2.

Altela, a company that purifies the water extracted during oil and gas drilling, snagged $7.1 million from CCS Income Trust and other investors in May. Already, Altela is looking to raise a second round of funding to the tune of $26 million.

Clean Water Compliance, which sells a system for purifying stormwater runoff from construction and industrial sites before returning it to rivers and stream, raised $25 million last summer from Plainfield Asset Management.

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